Editorial Perspective
Ascension is a London-based seed-stage VC built by exited entrepreneurs—founded by Jean de Fougerolles in 2011. They run both generalist (S)EIS funds and institutional impact funds, making them one of few London VCs that explicitly combine commercial returns with impact investing. Their co-investment in Fifth Dimension AI (PropTech/AI) alongside Concrete VC signals they will back PropTech when it has an impact angle—energy efficiency, affordable housing, sustainability. Small cheques (£100K–£500K) via SEIS/EIS structures. Best fit for early-stage founders whose PropTech product has a clear ESG or impact narrative alongside commercial viability. The co-invest with top funds if needed.
Investment Profile.
Check Size
£0.1M–£0.5M
Active Fund Vintage
2023
Investment Stages
Pre-Seed, Seed
Headquarters
London, UK
Investment Strategy.
The complete funding journey. This firm focuses on stages highlighted below.
Pre-Seed
$10K–$1M
Stage Focus
Proof of concept / Prototype
Growth Elements
- →Hiring
- →Product development
- →Early validation
Seed
$500K–$3M
Stage Focus
Product-market fit
Growth Elements
- →Hiring
- →Product iteration
- →Initial traction
Series A
$5M–$15M
Stage Focus
Revenue growth & scale
Growth Elements
- →Hiring
- →Development
- →Operations
- →Branding & Marketing
Series B
$15M–$50M
Stage Focus
Growth & expansion
Growth Elements
- →Hiring
- →Market expansion
- →M&A exploration
Series C
$50M–$200M+
Stage Focus
Large-scale expansion
Growth Elements
- →International markets
- →Acquisitions
- →Scale operations
Check Size for This Fund
£0.1M–£0.5M
Typical check size across all stages. Size may vary by stage and fund vintage.
Notable Portfolio.
Fifth Dimension AI
Recent Activity.
Fifth Dimension AI ($2.8M Seed co-invest, 2024)
10 new investments in past 12 months
Investment Team.
Jean de Fougerolles
Managing Partner
Tomas M. Krogh
Fractional Chief Commercial Officer
I specialize in taking founder-led commercial engines apart until only the parts that work are left standing. Before advising, I operated-scaling a business from zero to the FT1000 list three years running and facilitating 10 billion DKK in property transactions. I don't write polite advisory decks; I give you the exact commercial reality check you need before an investment committee does it for you.
Commercial intelligence last verified on 21 April 2026. Public deal activity sourced via Crunchbase/Dealroom.